Hi can anybody tell me how to compute MAT
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Minimum Alternate Tax
Replies (2)
MAT is appicable only to companies.. MAT is calculated w.r.t Book Profits. The Book Profits has to be computed by considering Net profit as per p/l account and making adjustments as enumerated in Explanation to section 115JB.
You can refer to the enumeration in sec 115JB for computation
thanks i got the whole info on MAT
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